YAS Digital Limited
Offering on-demand microinsurance and changing how people buy and claim insurance.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $4.5m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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YAS Digital Limited is an insurtech company based in Hong Kong, operating as a licensed insurance agent (IA License No. FA2648). The company specializes in providing microinsurance solutions for a new generation of consumers.
YAS offers on-demand insurance coverage for a variety of specific moments and activities, such as travel, sports, and daily commutes. This is delivered through a mobile application, allowing users to purchase coverage as needed, directly from their smartphones. The business model is centered around a "Pay-As-You-Go" system, which offers flexibility compared to traditional annual insurance plans. For instance, they have launched a "Pay-As-You-Sell" insurance product for online merchants, in partnership with QBE.
The company leverages technologies like blockchain to enhance its insurance products and distribution. YAS distributes its products directly to consumers via its app and through strategic partnerships with other companies, indicating a B2C and B2B2C approach. The target market includes digitally savvy individuals and businesses looking for flexible, short-term insurance solutions.
Keywords: Insurtech, Microinsurance, On-demand insurance, Blockchain, Mobile insurance, Pay-as-you-go, Hong Kong, Insurance agent, Digital insurance, Usage-based insurance